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2021 Bitcoin Price Predictions: Is The Massive Bitcoin Bull Run About To Peak? – Forbes

January 2, 2021 | Author: admin

Bitcoin has just closed out one of the biggest years in its history, second only to the crypto-mania fueled retail rally of 2017.

The bitcoin price has added over 300% during the last 12 months, climbing past its 2017 highs amid renewed institutional interest and the prospect of broader mainstream adoption.

Now, as the bitcoin price hovers under the psychological $30,000 per bitcoin level, cryptocurrency traders and investors are looking for clues that might reveal how bitcoin will fare through 2021.

The bitcoin price has soared through 2020, with many in the bitcoin and cryptocurrency community ... [+] feeling upbeat going into the new year.

"It is still quite bullish on an intermediate-term basis given that [bitcoin] just broke out to new all-time highs," Mark Newton, founder and president of Newton Advisors, told CNBCs Trading Nation this week, pointing to charts that show the bull run might be put on pause in early 2021. "I think we have a ways to go. Near term, my cycle composite shows us peaking out in early January."

The bitcoin price has come within touching distance of $30,000 this week, hitting $29,700 per bitcoin on the Luxembourg-based Bitstamp exchange before falling back slightly. Bitcoin is up four-fold from the beginning of 2020 and completed itsbiggest monthly gain since May 2019 in December.

Bitcoin's latest bull run was sparked in October by news payments giant PayPal PYPL would begin offering bitcoin and cryptocurrency support. It was boosted by wave of institutional interest in bitcoin and Wall Street giants including Citibank and JPMorgan JPM making surprisingly bullish bitcoin predictions.

In December, a leaked Citi report revealed one of the bank's senior analysts thinks bitcoin could potentially hit a high of $318,000 by December 2021, calling it "21st century gold."

Bitcoin has built up its reputation as "digital gold" throughout 2020, finding support from investors who are wary massive government money-printing will devalue traditional currencies and trigger a wave of inflation.

"Gold reached a new all-time high in 2020 and bitcoin has set a string of new peaks, more than trebling in the second half of the year to pass the $28,000 mark for the first time," Russ Mould, investment director at brokerage AJ Bell, said via email.

"Some will argue that there is more to come from both gold and bitcoin, especially if governments keep piling up debts and central banks do their best to fund that borrowing through the backdoor with quantitative easing, zero interest rates and bond yield manipulation, thanks to their scarcity value relative to cash," Mould said, referencing bitcoins fixed supply of 21 million tokens and gold's 2% per year supply growth.

The 2020 bitcoin price bull run has already eclipsed the 2017 rally. But will it result in a similar ... [+] crash?

Bitcoin's growing popularity is, meanwhile, expected to create further polarity between those who see bitcoin as a sound investment and those who are suspicious of its value.

"Others will argue neither gold nor bitcoin have intrinsic value, as they do not generate cash," Mould said.

"Some will even argue that bitcoin is just a glorified Ponzi scheme, as new money flows in at the bottom to help the smart money that got in early bail out at the top. In 2021 investors will get their chance to pay their money and take their choice as to whether they see bitcoin and gold as stores of value, and useful portfolio diversifiers, as governments and central banks conjure money out of thin air, or more trouble than whatever they may or may not be worth."

Meanwhile, the cryptocurrency community is divided over the future of many smaller cryptocurrencies. The looming threat of regulation and increased government oversight has caused consternation that less decentralized cryptocurrencies could take a hit.

"Bitcoin dominance is inevitable after a tumultuous year that has seen the king of crypto surge in price from under $4,000 in March to a new all-time high of above $28,000," Paolo Ardoino, chief technology officer at Hong Kong-based and British Virgin Islands-registered cryptocurrency exchange Bitfinex, said in emailed comments.

Bitcoin dominance, a measure of bitcoin's value compared to the wider cryptocurrency market, has ticked up in recent weeks but remains more-or-less flat over the last 12 months.

"While a growing institutional presence has been part of the narrative of the current bull run, we may see increased retail interest in bitcoin as a form of digital gold," Ardoino added. "This could also bolster interest in the many innovative projects coming to fruition within the digital token space."

Forget the Bitcoin price! Heres how Id invest in the best shares now to make a million – Yahoo Finance UK

January 2, 2021 | Author: admin

The Telegraph

America's top disease control expert has questioned Britain's plan to delay giving follow-up shots of Covid vaccines in order to focus on a greater roll-out of first doses. Dr Anthony Fauci said he would "not be in favour" of the newly announced British strategy, which sanctions a time lag of up to 12 weeks between an initial dose of the vaccine and a follow-up shot. British health chiefs believe the move will allow them to give more people the initial dose, conferring greater overall protection. But some critics say the vaccine has only been reliably tested with a time lag of around three weeks. In an interview with CNN on Friday, Dr Fauci, who is director of the National Institute of Allergy and Infectious Diseases, appeared to side with the critics of the plan, saying America had no plans to follow Britains lead. I would not be in favour of that, he said. Were going to keep doing what were doing. Under the British plans, the Oxford University-AstraZeneca vaccine will be administered initially as one jab initially, with efforts focusing on giving a degree of protection to as many of the most vulnerable as possible. A second dose will then be administered four to 12 weeks later. The Pfizer vaccine, the first to gain approval in the UK, will also be given as a single dose initially. This is despite the fact it was given the green light on the basis of clinical trials of two doses, administered 21 days apart. In a statement Pfizer said that any "alternative" dosing regimens should be followed with surveillance by health authorities. Critics of the plan told the New York Times that widening the gap between vaccination shots could impair its effectiveness. Dr Phyllis Tien, an infectious disease physician at the University of California, San Francisco, said it was like going into the Wild West." Medics who have backed the British plan say that during vaccine trials, some patients were given second doses at different time intervals, which showed that the vaccine remained up to 80 per cent effective after a 12-week delay. The Astra Zeneca campaign will be rolled out on Monday with an initial four million doses. Another 16 million doses will be available by mid-January, with a total of 40 million being available by the end of March.

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Forget the Bitcoin price! Heres how Id invest in the best shares now to make a million - Yahoo Finance UK

With bitcoin ticking over $28,000, now might be a good time to give some of it to charity – CNBC

January 2, 2021 | Author: admin

Sitting on a growing bitcoin fortune? Consider giving away some of it to charity.

As 2020 draws to a close, the cryptocurrency has seen a massive surge in appreciation. The value of a single unit of bitcoin is now hovering around $28,000.

Though longtime holders of the virtual currency are rejoicing, they run the risk of winding up overweight in bitcoin. That is, the massive run-up in values could suddenly result in investors having more exposure toward bitcoin and its risks than they'd like.

Similarly, while cashing out of your holdings might seem attractive, it could come with a hefty capital gains tax bill on the appreciation.

More from Advisor Insight:How financial advisors say to use your $600 stimulus checkHere's who's likely eligible for a second stimulus checkCovid relief bill adds PPP tax breaks the Treasury opposed

That's where charitable giving comes into play.

"We believe in asset diversification, and because the price of bitcoin rose significantly, investors could be overallocated based on their targets for their portfolio," said Stefan Podvojsky, senior vice president of Fidelity Charitable.

"A donor advised fund provides a great outlet to remove that overweight and support the philanthropy that is important to the donor," he said.

Indeed, investors in bitcoin have been able to donate their holdings to donor-advised funds via Fidelity Charitable since 2015.

Benefactors have given close to $26 million in bitcoin to Fidelity Charitable's donor-advised funds year to date as of Dec. 29.

Donor-advised funds are accounts generous investors can fund with a variety of assets and use for making grants to their favorite charitable causes.

Nevertheless, giving away bitcoin and other crypto assets can come with a unique set of hurdles, including price volatility and additional tax reporting on the part of the investor.

Mykola Tys/ | LightRocket | Getty Images

Though you can convert cryptocurrency into dollars, the IRS regards it as property for income tax purposes.

This means you're subject to capital gains taxes if you decide to sell or exchange your virtual currency holdings.

The magnitude of the tax hit will depend on how long you've held your bitcoin if it's at least a year, you may qualify for the long-term capital gains rate of 0%, 15% or 20% and your cost basis in the asset.

Investors who snapped up bitcoin when it was especially cheap consider that one bitcoin was worth $7,220 Dec. 30, 2019 may face the harshest tax consequences when they sell or exchange it.

2020 income tax brackets

IRS

That's because the tax would be based on the difference between their cost basis and today's market price.

Meanwhile, donating an asset you've held for at least a year will allow you to claim a tax deduction based on its fair market value.

"Donating it could be incredibly tax-conducive," said Bryan Clontz, founder and president of Charitable Solutions, a firm that specializes in receiving and liquidating noncash assets for charities.

"It's the holy grail of charitable planning: a low basis, highly appreciated asset," he said.

We believe in asset diversification, and because the price of bitcoin rose significantly, investors could be overallocated based on their targets for their portfolio.

Stefan Podvojsky

senior vice president of Fidelity Charitable

Another reason why donating crypto via a donor-advised fund might make sense: Your favorite charity may be skittish about accepting direct contributions of virtual currency due to data security issues.

"The big issue for charities is the volatility and the risk that if you set up your own wallet, wallets can be hacked," said Greg Sharkey, senior philanthropy advisor at The Nature Conservancy, a charity in Arlington, Virginia.

The organization teamed up with BitPay, a bitcoin payment service provider, to accept donations and convert them to cash.

"If the donor calls this morning and wants to make gifts and does it through BitPay, the money would be at the charity's account tomorrow," said Sharkey.

What makes cryptocurrency so complex is the fact that not only are these assets subject to price volatility, but they also trade constantly.

Generally, the deduction a donor can claim is based on the price of the asset on the date they relinquish control to the donor-advised fund.

Fidelity Charitable only trades bitcoin during New York Stock Exchange market hours, or 9:30 a.m. to 4 p.m. Eastern, on weekdays, said Podvojsky.

"Depending on when during the day you might transfer the bitcoin to us, you would be subject to the price in the market and the liquidity we would be able to obtain at that point in time," he said.

Investors hoping to claim a tax deduction for their donation have extra legwork.

Because they're giving away a special asset, they must obtain a qualified appraisal from a third party and file Form 8283 with the IRS.

"Roughly $500 to $600 per appraisal would be the market for this space, and you'd have to have a larger donation to make it worth it," said Clontz. "There's a cost to the donor, and it's not just five minutes of work."

Giving away those appreciated bitcoin holdings and collecting a tax write-off isn't just a one-person effort. Here are a few considerations:

Correction: New York Stock Exchange market hours are 9:30 a.m. to 4 p.m. Eastern on weekdays. An earlier version misstated the times.

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With bitcoin ticking over $28,000, now might be a good time to give some of it to charity - CNBC

Associate Professor of Finance on Bitcoin rally: Blockchain technology is real and effective – Yahoo Finance

January 2, 2021 | Author: admin

Bitcoin is currently on its longest winning run since 2019. Bryan Routledge, Associate Professor of Finance at the Tepper School of Business, Carnegie Mellon University, joins Yahoo Finance Live to break down how Bitcoin rallied to record levels this year and the outlook for crypto in 2021.

- Bitcoin at a record once again. It touched above 28,000 overnight. And it has had quite a run thus far in 2020. Hasn't had the end pullback that we saw, for example, in 2017. Let's talk more about what could happen next for Bitcoin as well as for the bigger cryptocurrency complex.

Brian Rutledge is joining us now. He's an Associate Professor of Finance at Carnegie Mellon University Tepper School of Business. He has written a lot about cryptocurrency, but about blockchain as well.

And it's actually there, Brian, that I want to begin because as Myles my co-host has pointed out frequently, the blockchain conversation is definitely not as prominent now as it was in 2017. The focus has really come in on Bitcoin and its rise. Do you think that that's sort of a mistaken perception? Do you think that there is still-- I mean, is-- is blockchain out there? Is-- how much is it being used? And what's sort of the use case as we move forward?

BRIAN RUTLEDGE: Wow. OK. Lots packed in there. I think the-- the thing-- the thing to appreciate about Bitcoin and its rise in price-- I mean, 28,000 is remarkable. 3,000 was remarkable for Bitcoin in the sense it is built on blockchain technology. And so I think the fact that you're not talking about it is, in some sense, an acknowledgment that blockchain technology is effective. So it is big dollars that are in Bitcoin that are built on this underlying-- underlying blockchain technology of competitive decentralized recordkeeping.

And if you had asked me in 2013 if this was going to be viable, I certainly wouldn't have said yes. And so I think the-- some of the price of Bitcoin is a bit of a mystery in the sense of why it has quadrupled over the year. But the fact that it is what it is I think is a validation that the blockchain technology is real and effective.

Story continues

And then the second half of your question, I think, is, what's the sort of killer app for blockchain technology that's waiting to happen? I think that is still unanswered. And it is a very good question in the sense of, where will blockchain technology go beyond just, say, record keeping on who owns Bitcoin?

- You know, Brian, the perspective that I have on Bitcoin is basically from Finance Twitter and public media, so it's everyone bragging about how smart they are because they own all these coins and they went up a lot. I'm curious how your students-- what your conversations with your students are like as it relates to the entire crypto space, what they're interested in right now.

BRIAN RUTLEDGE: I mean, it is-- an awesome thing to put on your syllabus is cryptocurrency, blockchain technology. You just-- you track students. It is-- I think it's a really interesting and attractive thing for a student in the same way it's an interesting, attractive thing just in general in the sense of, it is a mashing up of economics and business with the underlying technology of cryptography and distributed computing.

And so there is really interesting technology problems that are there. And then, there are really interesting business problems. And so it-- it-- it's a rich, fun topic to teach because the students are just-- they're keen.

- Brian, just based-- based on your understanding of Bitcoin and its history and where it's been this year, do you think what we're seeing in terms of price action reflects that at some point in our lifetimes, Bitcoin might be a viable replacement to the dollar?

BRIAN RUTLEDGE: That's a good question in the sense of, what is it people are buying Bitcoin for and the sort of speculation? But the two things that people might be thinking about-- one is it's an alternative to something like gold. And we think about-- gold is not sort of an alternative to the dollar, but people hold it in their portfolio as, say, a hedge against inflation. We don't use gold in our everyday transactions.

The price of gold is much higher then the intrinsic value of gold you would find. And so people moving into cryptocurrencies or Bitcoin as a, here is something that is commodity-like that is independent of, say, the Federal Reserve, and I want to hold that as a hedge against inflation. That-- that-- that is not a-- that's a sensible argument. It's belayed a bit by the fact that the price of Bitcoin is stunningly volatile. It's orders of magnitude more volatile than the price of gold or even the stock market.

And then, I think the second sort of reason that people might think about Bitcoin as something they want to own is, it is perhaps access to this blockchain technology in the sense of, I want to own a piece of this future technology. And there, I think-- you know, like all bets, it's risky.

And the bet there is twofold. One would be that blockchain technology indeed will be something new and useful. And then the second part of that is that Bitcoin would be relevant in that, I don't know, blockchain-enabled future.

And I guess-- when thinking about that one, if you go back to, I don't know, the internet in the 1990s and thinking about, gee, I want to-- I think this is going to be revolutionary, it was pretty hard to see where the internet was going, and harder still to pick, I don't know, Amazon over Pets.com or Netscape or somebody.

- Yeah. And most people-- a lot of people didn't do that correctly, certainly. I mean, but speaking of forecasting, Brian, you received a grant from the International Institute of Forecasters for your work on forecasting. When it comes to Bitcoin price, is there any way to even do it with any degree of accuracy?

BRIAN RUTLEDGE: The financial prices in general are hard to forecast in part because everybody is trying to forecast them, so the famous or book of Burton Malkiel of a random walk down Wall Street is still applicable in the sense that, for the most part, prices go up or down with almost equal probability per day. There's lots of people trying to sort of find some wedge of a signal in there to predict the price of Bitcoin.

The-- the-- if you do have some-- so, no. I have no forecasting ability. If you think you have some forecasting ability, Bitcoin prices are attractive in the sense that they are just so volatile, right? And if-- if you think you can forecast something, predicting, forecasting something that's volatile lets you make a lot of money.

- Yes, it does. And a lot of people certainly have done that even if their forecasts have been wrong. So we'll see what happens next year. Brian, thank you so much. Happy new year to you, and we'll see what ends up happening with those Bitcoin prices.

Brian Rutledge is an Associate Professor of Finance at Carnegie Mellon's David Tepper School of Business. Thank you so much.

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Associate Professor of Finance on Bitcoin rally: Blockchain technology is real and effective - Yahoo Finance

Russell Okung to become first NFL player paid in Bitcoin – Local 5 – weareiowa.com

January 2, 2021 | Author: admin

Carolina Panthers offensive tackle Russell Okung will be the first professional athlete in any U.S. league to receive Bitcoin as a form of payment.

WASHINGTON NFL Carolina Panthers offensive tackle Russell Okung will be the first player to be partly paid in Bitcoin.

In May of 2019, he tweeted asking to be paid in Bitcoin. On Tuesday, he confirmed that he will indeed be paid by the digital currency.

"Paid in Bitcoin," he tweeted.

Okung, who is had a $13 million salary in 2020, will receive half of it in Bitcoin, according to a press release from Strike, a company that helps users convert traditional money to the cryptocurrency. He will be the first professional athlete in any U.S. league to receive Bitcoin as a form of payment.

Money is more than currency; its power, the two-time Pro Bowler said in a statement. The way money is handled from creation to dissemination is part of that power. Getting paid in Bitcoin is the first step of opting out of the corrupt, manipulated economy we all inhabit.

NFL Network said Okung's U.S. dollars paycheck will go into an account that's controlled by Strike. There it will convert to Bitcoin before going to Okung.

HOW DOES BITCOINS WORK?

Bitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously. The coins are created by users who mine them by lending computing power to verify other users transactions. They receive bitcoins in exchange. The coins also can be bought and sold on exchanges with U.S. dollars and other currencies. Some businesses also accept bitcoin, but its popularity has stalled out in recent years.

HOW BITCOINS ARE KEPT SECURE

The bitcoin network works by harnessing individuals greed for the collective good. A network of tech-savvy users called miners keep the system honest by pouring their computing power into a blockchain, a global running tally of every bitcoin transaction. The blockchain prevents rogues from spending the same bitcoin twice, and the miners are rewarded for their efforts by being gifted with the occasional bitcoin. As long as miners keep the blockchain secure, counterfeiting shouldnt be an issue.

HOW BITCOIN CAME TO BE

Its a mystery. Bitcoin was launched in 2009 by a person or group of people operating under the name Satoshi Nakamoto. Bitcoin was then adopted by a small clutch of enthusiasts. Nakamoto dropped off the map as bitcoin began to attract widespread attention. But proponents say that doesnt matter: The currency obeys its own internal logic.

In 2016, An Australian entrepreneur stepped forward and claimed to be the founder of bitcoin, only to say days later that he did not have the courage to publish proof that he is. No one has claimed credit for the currency since.

The Associated Press contributed to this report.

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Automation for Better or Worse in 2021 – Infosecurity Magazine

January 2, 2021 | Author: admin

Technology always has a good side and a dark side, particularly when it comes to cybersecurity. You just have to look at the debate on encryption and backdoors to see how advanced technology can be used by the bad guys as effectively as it is by those trying to protect our privacy and security.

Automationis another technology that works for better or worse, and will play a major rolein shapingcybersecurity attack anddefenseactivities in the next 12 months as it becomes faster and more sophisticated.

For example, spear phishing is traditionally ahigh-investment, high-return targeted attack activity. As automation tools replace manual techniques, cyber-criminals can launch spear phishing campaigns at record volumes by harvesting victim-specific data from social media sites and company web pages. As society continues to grapple with the impact of COVID-19, it is likely that these automated spear phishing attacks will prey on fears around the pandemic, politics and the economy.

Conversely, as more businesses migrate to the cloud, automation willalso help cloud-hostingproviderssuch as Amazon, Microsoft and Google to crackdown on cyber-criminal groups abusing their reputation and services to launch malicious attacks. Threat actors commonly host website HTML files designed to mimic a legitimate website like Microsoft365 or Google Drive to steal credentials submitted by unsuspecting victims. In 2021, we will see these companies deploying automated tools and file validation technologies that will spot spoofed authentication portals.

SaaS risks

As Software as a Service (SaaS) continues to grow in popularity, especiallyas more employees work from home, authentication and credentials will pose the weakest link.With the wealth of corporate data held inSaaS solutions, cyber-criminals can use bulk stolen credentials to target authentication portals.

So, we can expect to seean increase inpassword spraying or credential stuffing attacks against popular SaaS offerings,in the hope thatemployeesusethe same password fromanothersite that suffered a data leak.

VPNs and endpoints

So, what else can we expect in the next 12 months and beyond? Certainly, the tumultuous events of 2020 will impact the threat landscapefor years to come.In particular, as more companies adoptor growVPNs andRemote Desktop Protocol(RDP)solutions to provide secure connections to employeesworking from home,we think that attacks against VPNs and RDPs will double in 2021. If an attacker can compromise VPN, RDP or remote connection servers, they have an unobstructed path intothecorporate network.

Security gaps in endpoints have also become a high priority target for attackersduring the global pandemicandmany personal home computersstill runninglegacy softwarethat is difficult to patch or update.

For example, as Microsofthas just endedits extended support programfor Windows 7, organizationsshould expect at least one major new Windows 7 vulnerabilitytomake the headlines next year.

Credential crisis

Authentication is the cornerstone of strong security;but with billions of usernames and passwordsavailableon the dark webandthe prevalence of automated authentication attacks,no internet-exposed service is safe from cyber intrusion if it isnt using strong multi-factor authentication (MFA). Companies are waking up to the fact that they can no longer rely on simple credentials for logins and any service that is not protected by MFA, is highly likely to be compromised in 2021.

Whose data is it anyway?

Back in the home, the last few years have seen a rapid increase in the use of digital assistants such as Alexa, Google Assistant and Siri, along with smart home systems to automatically control lights, room temperatures and access, while wearable devices track and sense critical health parameters. Behind the scenes, machine learning algorithms harness and correlate data to document user activities, behaviors, connections and interests.

This means that a lot of our data is getting into other peoples hands and we think that 2021 will mark a tipping point when consumers will begin to fully-understand and revolt against the privacy concerns associated with smart and connected devices. We will see users start to push back against vendors of IoT devices that collect personal data and will pressure governments to regulate the capabilities of these devices to protect their privacy.

Will it, wont it?

As we have learntin 2020, it is very difficult to predict what is going to happen in the future butour Threat Lab team along with other researchers around the world havean increasing level of analytics and insight to makewell-informedguesses.

Cyber-criminals always lookforthe weak links, so the growing ranks of home workers are an obvious target andwhen it comes tonew technologies such asautomation and AI. What can work for good, can also be exploited for malicious activity.Its just a case of trying to stay one step ahead.

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Automation for Better or Worse in 2021 - Infosecurity Magazine

Top 7 Amazing Artificial Intelligence Applications that Are Unfamiliar – Analytics Insight

December 31, 2020 | Author: admin

When people hear the word artificial intelligence, most of us are tend to think about the atrocious robot that takes over humankind asportrayed in sci-fi movies. Even though it is possible whenAI reaches a certain level of improvement, the current developments in technology are mostly human-friendly. Artificial intelligence refers to the simulation of human intelligence in machines programmed to think like humans and mimic their actions. Generally,AI benefits in significant fieldslike finance, healthcare, business, and security. Besides, humans can never beat AI in weather prediction, drug discovery, and stock market crashes. We are alreadyemploying AI to do many jobsin our daily routine. For example, Netflix and Spotify use AI technology to sort the viewers preference. A lot of modern home appliances are powered by AI. Henceforth, let us take a moment to think about some extraordinary things that AI is doing today. Analytics Insight brings you a list of AI applications that shows the power of AI.

We always had a thought on how AI will react if it can hear, taste, or smell things. Scientists and researchers have been working to improve such features in AI machines. Even though it is a long way to reach that stage, tech companies are taking baby steps to improve relative technologies. IBM research is collaborated with a German Fragrance House Symrise to introduce artificial olfaction sensation in the perfume industry. They analyzed present fragrance chemical formulas to develop a new way of preparing fragrances. The companies used data to sort consumer choices and preferences by studying historical buying options. Later, they used the data to mix several aromatic components to give people a unique fragrance. In 2019, two AI-prepared aromas were released by the company.

Pet lovers, please take note. AI pets are stealing the market with more love. Generally, children play with cyborg dogs and little robots. It was not a big deal until the real AI pet entered the tech space. AI pets can recognize emotions and respond to your commands. Yes, it is very heartwarming. MOFLIN is an AI pet with emotional capabilities. It evolves like living animals. MOFLIN is designed to learn and constantly grow, using its interactions to determine patterns and evaluate its surroundings from its sensors. The AI pet chooses from an infinite number of mobile and sound pattern combinations to respond and express their feelings.

Thinking AI as a fortune teller might sound funny. But the futuristic technology is bringing breakthrough changes into the modern landscape. AI researchers are working to make technology discover peoples feelings and emotions with high precision. Stanford University researchers unveiled an algorithm that scans faces on images to declare a person as gay. The AI algorithm is efficient enough to detect a gay with 81% accuracy in men and 74% accuracy in women. Social media platforms are also using AI to flag unusual behavior among people, leading to suicide. Facebooks AI detected over a hundred cases that needed attention.

We are at the technological evolution where AI is capable of showing its interest in art and creativity. Today, AI is composing music, drawing pictures and much more. An AI-based system called MuseNet can now compose classical music that echoes the classical legends, Bach and Mozart. OpenAIs MuseNet is a Deep Neural Network that can create four-minute musical compositions with different tech instruments and combine Mozarts country styles with the Beatles. An algorithm developed by Tao Xu at Microsoft Research generates art or pictures. It is trained on a database of photographs and descriptions, matching certain words to particular colors, textures, and shapes.

AI-powered robots are doing the cooking and serving jobs for a long time. Recently, chef robots have invaded the Chinese military to cook food for army men. However, an AI-machine designing the food you crave or suggesting a dish with the left-over ingredients is something to note. IBMs Chef Watson might be the solution home chefs need to overcome a pantry with only a few ingredients that couldnt possibly go together or welcome inspiration to professional chefs who want to evolve their menu through cognitive cooking and take advantage of seasonal ingredients.

We are familiar with how AI is invading every sector and transforming them for good. But we always thought that we are superior to AI in every way. Currently, AI can benefit the resume filtering process, which can be time-consuming and tedious. Even though there are minor issues like AI recruitment facing discrimination problems, the technology is updating its functionalities to conquer them. Besides, AI software can design interview questions for potential hires with a focus on the persons professional competency for a particular job without knowing their race, gender, or ethnicity.

Smart cities are the dream of both governments and people. Many countries worldwide are trying to turn their developing city into a smart city with Internet of Things (IoT) connectivity. According to Omdia, the global smart city AI software market is set to soar to US$4.9 billion in 2025, up from US$673.8 million in 2019. Wireless data communication standards are enabling smart city applications to move into the online realm where they can capitalize on the latest AI innovations.

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Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.

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Top 7 Amazing Artificial Intelligence Applications that Are Unfamiliar - Analytics Insight

Ford Kuga Intelligent AWD Uses Artificial… – The News Wheel

December 31, 2020 | Author: admin

Added on December 30, 2020Kyle JohnsonFord Artificial Intelligence , Ford Intelligent All-Wheel Drive , Ford Intelligent AWD , Ford Kuga , Ford Kuga HybridNew Kuga Hybrid available with Intelligent AWDPhoto: Ford

The new Kuga and Kuga Hybrid are among the latest vehicles in the Ford lineup to receive available Intelligent All-Wheel Drive. This cutting-edge AWD platform uses artificial intelligence to automatically adjust to driving conditions, allowing the Kuga to deliver optimal performance and efficiency.

Speaking of Efficient: New F-150 PowerBoost offers best-in-class combined fuel economy

All-wheel drive isnt just for heading off-road the extra traction can make journeys smoother, safer, and less stressful for drivers, particularly in wintry conditions, said Glen Goold, Kuga chief program engineer. We designed our new Kuga Hybrid to help drivers save on fuel costs, and the artificial intelligence of AWD disconnect means they can do exactly that while still getting all the benefits of Intelligent All-Wheel Drive.

Intelligent AWD introduces automatic disconnect technology to the Kuga lineup. Using what Ford calls a fuzzy logic algorithm, the system determines whether AWD, front-wheel drive, or rear-wheel drive will suffice for the current driving conditions.

Ford driveline applications supervisor Scott Beiring says that the algorithm gets its name by taking account of factors including temperature and whether the windshield wipers are engaged, meaning it makes the best decision possible given environmental factors quicker than a human could.

The system can adjust in as little as 10 milliseconds, providing near-instant response in situations where a loss of traction can lead to wheel slip. By disconnecting the rear wheels in normal driving conditions, the Kuga operates more efficiently in normal driving conditions. In a situation where the road becomes more treacherous, the driveline automatically reconnects the rear wheels and switches to all-wheel drive, ensuring the best control possible.

Ford has already rolled out Intelligent All-Wheel Drive on vehicles like the new Edge and Explorer, and it will likely continue to make it more broadly available in the future.

Coming Soon: Three of the coolest features on the all-new 2021 Ford Bronco

Kyle S. Johnson lives in Cincinnati, a city known by many as the Cincinnati of Southwest Ohio. He enjoys professional wrestling, Halloween, and also other things. He has been writing for a while, and he plans to continue to write well into the future. See more articles by Kyle.

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Artificial Intelligence in Medical Imaging Market 2020 Global Industry Size, COVID-19 Impact Analysis, Growth, Manufacturers, Segments and 2027…

December 31, 2020 | Author: admin

Download Free Sample (350 Pages PDF) Report: To Know the Impact of COVID-19 on this Industry @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-artificial-intelligence-in-medical-imaging-market&ab

Global Artificial Intelligence in Medical Imaging Market of which artificial intelligence in medical imaging is a part of is expected to rise from its initial estimated value of USD 21.48 billion in 2018 to a projected value of USD 264.85 billion by 2026, registering a CAGR of 36.89% in the forecast period of 2019-2026.

Global Artificial Intelligence in Medical Imaging Market Analysis:

Medical imaging can be described as the diagnostic procedure that involves the creation of visual aids and image representations of the human body, and involves the monitoring of performance and functioning of the organs of the human body. With the integration of artificial intelligence (AI) in healthcare and medical imaging, there is a change in the way the diagnostics and the entire procedure is carried out. The AI assists the surgeons in carrying out the image capturing process and how to diagnose these images for the conclusion and personalized treatment in respect to every individual and patient. Artificial intelligence mainly consists of two types, robots and machine learning. Machine learning involves the recognition and application of algorithm in computer systems for the rendering of images. Whereas, robots are engaged in the assistance of patients, doctors and operators in the visualization and diagnostic procedures.

Some of Key Competitors or Companies Included In the Study Are

BenevolentAIOrCamBabylon,Freenome IncClarify Health SolutionsBioXcel Therapeutics,Ada Health GmbHGNS HealthcareZebra Medical Vision IncQventus IncIDx Technologies IncK HealthPrognosMedopad Ltdai Inc.MobileSuki AI IncBERG LLCZealth IncCheck Complete Report Details (Including full TOC, Tables, and Figures) @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-artificial-intelligence-in-medical-imaging-market&ab

This Artificial Intelligence in Medical Imaging Market Research report focuses on numerous industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. This report aims to deliver an opportunity for companies to recognize the modern trends size, growth, share, segments, manufacturers, and technologies, future road map and 2027 forecast. To attain actionable market insights to form sustainable and money-spinning business strategies with an ease, this market research report is a great option. A team of passionate analysts, skilled researchers and qualified forecasters work meticulously to generate such kind of market report. The credible Artificial Intelligence in Medical Imaging Market 2020 describes CAGR (compound annual growth rate) values and its fluctuations for the definite forecast period.

The report also evaluates other pivotal market aspects including revenue generated, demand and supply dynamics, market value, CAGR, pricing volatility, market share, import/export status, expenditure, and rates of production and consumption, among others. Numerous analytical tools have been employed in this report to predict the potential expansion of the market. The report gives market estimates derived by using both top-down and bottom-up approaches.

Market Segment by Types:-

By Offering (Hardware, Software, Services), Technology (Deep Learning, Computer Vision, NLP, Others)By Deployment Type (On-Premise, Cloud), Application (X-Ray, CT, MRI, Ultrasound, Molecular Imaging)By Clinical Applications (Breast, Lung, Neurology, Cardiovascular, Liver, Prostate, Colon, Musculoskeletal, Others)By End-User (Hospitals, Clinics, Research Laboratories, Others),Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2027) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10, 13:o North America (Covered in Chapter 6 and 13)o Europe (Covered in Chapter 7 and 13)o Asia-Pacific (Covered in Chapter 8 and 13)o Middle East and Africa (Covered in Chapter 9 and 13)o South America (Covered in Chapter 10 and 13)

Years considered for this report:o Historical Years: 2010-2019o Base Year: 2019o Estimated Year: 2020o Artificial Intelligence in Medical Imaging Market Forecast Period: 2020-2027

With tables and figures helping analyses worldwide Global Artificial Intelligence in Medical Imaging market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Some Points from TOC:1 Report Overview1.1 Study Scope1.2 Key Market Segments1.3 Regulatory Scenario by Region/Country1.4 Market Investment Scenario Strategic1.5 Market Analysis by Type1.5.1 Global Artificial Intelligence in Medical Imaging Market Share by Type (2020-2027)1.5.2 Type 11.5.3 Type 21.5.4 Other1.6 Market by Application1.6.1 Global Artificial Intelligence in Medical Imaging Market Share by Application (2020-2027)1.6.2 Application 11.6.3 Application 21.6.4 Other1.7 Artificial Intelligence in Medical Imaging Industry Development Trends under COVID-19 Outbreak1.7.1 Region COVID-19 Status Overview1.7.2 Influence of COVID-19 Outbreak on Artificial Intelligence in Medical Imaging Industry Development

Global Market Growth Trends2.1 Industry Trends2.1.1 SWOT Analysis2.1.2 Porters Five Forces Analysis2.2 Potential Market and Growth Potential Analysis2.3 Industry News and Policies by Regions2.3.1 Industry News2.3.2 Industry Policies3 Value Chain of Artificial Intelligence in Medical Imaging Market3.1 Value Chain Status3.2 Artificial Intelligence in Medical Imaging Manufacturing Cost Structure Analysis3.2.1 Production Process Analysis3.2.2 Manufacturing Cost Structure of Artificial Intelligence in Medical Imaging3.2.3 Labor Cost of Artificial Intelligence in Medical Imaging3.3 Sales and Marketing Model Analysis3.4 Downstream Major Customer Analysis (by Region)

4 Players Profiles4.1 Player 14.1.1 Player 1 Basic Information4.1.2 Artificial Intelligence in Medical Imaging Product Profiles, Application and Specification4.1.3 Player 1 Artificial Intelligence in Medical Imaging Market Performance (2015-2020)4.1.4 Player 1 Business Overview4.2 Player 24.2.1 Player 2 Basic Information4.2.2 Artificial Intelligence in Medical Imaging Product Profiles, Application and Specification4.2.3 Player 2 Artificial Intelligence in Medical Imaging Market Performance (2015-2020)4.2.4 Player 2 Business Overview4.3 Player 34.3.1 Player 3 Basic Information4.3.2 Artificial Intelligence in Medical Imaging Product Profiles, Application and Specification4.3.3 Player 3 Artificial Intelligence in Medical Imaging Market Performance (2015-2020)4.3.4 Player 3 Business Overview4.4 Player 44.4.1 Player 4 Basic Information4.4.2 Artificial Intelligence in Medical Imaging Product Profiles, Application and Specification4.4.3 Player 4 Artificial Intelligence in Medical Imaging Market Performance (2015-2020)4.4.4 Player 4 Business Overview4.5 Player 54.5.1 Player 5 Basic Information4.5.2 Artificial Intelligence in Medical Imaging Product Profiles, Application and Specification4.5.3 Player 5 Artificial Intelligence in Medical Imaging Market Performance (2015-2020)

4.5.4 Player 5 Business Overview5 Global Artificial Intelligence in Medical Imaging Market Analysis by Regions5.1 Global Artificial Intelligence in Medical Imaging Sales, Revenue and Market Share by Regions5.1.1 Global Artificial Intelligence in Medical Imaging Sales by Regions (2015-2020)5.1.2 Global Artificial Intelligence in Medical Imaging Revenue by Regions (2015-2020)5.2 North America Artificial Intelligence in Medical Imaging Sales and Growth Rate (2015-2020)5.3 Europe Artificial Intelligence in Medical Imaging Sales and Growth Rate (2015-2020)5.4 Asia-Pacific Artificial Intelligence in Medical Imaging Sales and Growth Rate (2015-2020)5.5 Middle East and Africa Artificial Intelligence in Medical Imaging Sales and Growth Rate (2015-2020)5.6 South America Artificial Intelligence in Medical Imaging Sales and Growth Rate (2015-2020)

11 Global Artificial Intelligence in Medical Imaging Market Segment byTypes12 Global Artificial Intelligence in Medical Imaging Market Segment by Applications13 Artificial Intelligence in Medical Imaging Market Forecast by Regions (2020-2027)Continued

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Westworld, Her, The Matrix 7 Hollywood Movies That Brought Artificial Intelligence To Life – Koimoi

December 31, 2020 | Author: admin

The Matrix To Her & Westworld Enjoy These Hollywood Movies About Artificial Intelligence (AI)

Over the past decades, we have heard rumours of the future being filled with artificial intelligence (AI), there being flying cars, and a lot of more amazing things. But alas, as of 2020 we know that most of these things arent true yet.

While a few of these predictions are present to a certain extent the presence of AIs like Alexa, Siri and more a lot of the others havent seen the light still. Today we take a look at those Hollywood movies that which adapted to the futures we thought about and featured AIs.

From Her and the Terminator franchise to Westworld and The Matrix films, take a look at the 7 times Hollywood movies brought artificial intelligence to the forefront.

The Matrix Films

First released in 1999, this Hollywood AI movie franchise is all about the dark side of artificial intelligence. The films follow the creation of a stimulation (The Matrix) which imprisons humans and gives the superintelligent AI powers. It stars Keanu Reeves as Neo, a computer engineer who learns the truth about whats happening and his life after that.

All three films in the franchise are available for streaming on Netflix.

Her

This is unlike most of the others on the list. While most are of humans living in fear or being subdued by artificial intelligence, this is a love story. This 2013 film features Joaquin Phoenixs Theodore Twombly falling in love with an AI named Samantha (voiced by Scarlett Johansson). Her conversations, common sense and ability to handle complex tasks are some of the reasons he falls for her.

The film can be streamed on Netflix.

Terminator Films

Who hasnt watched the Terminator films starring Arnold Schwarzenegger as the humanlike android? Sent from the future to eliminate John Connor the one who will save the world from Judgement Day, we have seen him reprise his role in all the films. From kick*ss action to the phrase Talk to the hand, this Hollywood movie franchise is something that will put fear in your about AIs taking over the world.

The films are available on Amazon Prime.

I, Robot

Created by humans to help make life easy, VIKI (Virtual Interactive Kinetic Intelligence) is a supercomputer that turns evil and heads out to control humanity. The film starred Will Smith, a technophobic cop who along with an uncorrupted AI Sonny take down the corrupt and resume some normality to life. This Hollywood movie shows how even if laws are set to control the artificial intelligence, it can still backfire.

Oblivion

Starring Tom Cruise, this post-apocalyptic action film is about what happens when an AI invades earth and nullifies almost all humans from existence. The few who are still alive live in hideouts to avoid being sported by the robots. The film features Tom and Andrea Riseborough as AIs who are created after being captured by the evil invader.

The film is available for streaming on Netflix.

Westworld

Releases in 1973, this Hollywood sci-fi film is about artificial intelligence, aka robots being there for the entertainment of humans. But everything does a 180 degree turn when a virus spreads among them, leading to them taking human life. This is something we do not want to witness. Imagine going on a vacation and having those there come after your life. Ill prefer staying cooped up at home.

Blade Runner

A film where AIs are bio-engineered to look like humans this film shows the emotions they feel and the limits they are willing to go to in order to preserve the future.

The film is available for streaming on Netflix.

Some other Hollywood movies that featured Artificial Intelligence (AI) include Tomorrow Land, Wall E, Robocop, Ex Machina, Interstellar and more.

Which is your favourite Hollywood Artificial Intelligence film? Let us know in the comments.

Must Read: Wonder Woman 1984: Pedro Pascal Agrees With A Fan Who Defends

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Westworld, Her, The Matrix 7 Hollywood Movies That Brought Artificial Intelligence To Life - Koimoi

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Westworld, Her, The Matrix 7 Hollywood Movies That Brought Artificial Intelligence To Life – Koimoi

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